Business
Business, 22.02.2021 21:50, coolcat3190

On April 1, 2021, Western Communications, Inc., issued 12% bonds, dated March 1, 2021, with face amount of $30 million. The bonds sold for $29.3 million and mature on February 28, 2024. Interest is paid semiannually on August 31 and February 28. Stillworth Corporation acquired $30,000 of the bonds as a long-term investment. The fiscal years of both firms end December 31, and both firms use the straight-line method. Required:

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On April 1, 2021, Western Communications, Inc., issued 12% bonds, dated March 1, 2021, with face amo...

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